EB-5 Program Funding Extended Until Feb. 8

January 30, 2018
By
Mathur Law Offices, P.C

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After three days of negotiations on Capitol Hill, congress finally voted
to end the shutdown and reopen the U.S. government on January 23. One
major take away from the government shutdown is that President Trump extended
federal funding for the EB-5 Program until February 8, 2018.

As of now, it is expected that no major changes will be made to the EB-5
Program. However, Congress has merely extended the program and will most
likely revisit any potential issues before April 2017. Many experts believe
that revisions to the EB-5 program are inevitable, but the program will
continue in a viable form.

The extension of the EB-5 Program is great news for investors abroad, though
uncertainty remains about the future of the program. Because the EB-5
is not a permanent program, there is no guarantee for how long it will
be able to exist. In addition to the stability of the program, many people
have begun to speculate that the minimum investment amount will increase
by over 100%.

In fact, about 125 potential changes have been suggested for the program.
Suggested changes include increasing the required investment amounts to
$800,000, revising the Targeted Employment Area requirements, and clarifying
the Regional Center designations. There is also legislation in the works
that might limit the number EB-5 visas to certain areas for rural projects,
urban development, and manufacturing.

The EB-5 program is a very important program for immigrants and American
businesses. The program has been proven to attract skilled laborers and
capital, and has helped generate jobs for the United States. The demand
for the EB-5 visa is increasing every day, so don’t be left behind.
If you are interested in an investor visa, you should immediately consult
with our attorneys.

At the Mathur Law Offices, we have been helping clients for over 15 years
with their immigration issues. As an immigrant himself, our founding partner,
Mr. Sanjay Mathur, understands the obstacles you face when trying to obtain
legal immigration status. Our legal team is familiar with the application
process for all the numerous types of visas that might be available to
you. Let us help you today.